Would a partner make it easier to be successful?

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QUICK THOUGHTS:

  • A business partner does not guarantee success.
  • If you require additional management skills or start-up capital, engaging a partner may be your best decision.
  • Personality and character, as well as the ability to give technical or financial assistance, determine the ultimate success of a partnership.
  • A successful collaboration usually occurs when partners complement each other so that one's weakness is another's strength.
  • If you decide a partner is a good idea, make certain each of you has a clear, written understanding of your responsibilities, rights as well as an exit strategy.
 
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1 comment

    Short and sweet. Great advice. You must compliment each other, fill each other in. And yes, discuss the divorce before you commit.

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